IMF cuts global growth forecasts as India falters, says bottom may be near
Channel NewsAsia - Business·2020-01-20 22:00
The International Monetary Fund on Monday trimmed back its 2020 global growth forecasts due to sharper-than-expected slowdowns in India and other emerging markets but said a U.S.-China trade deal was another sign that trade and manufacturing activity may soon bottom out.
FILE PHOTO: Workers erect scaffolding at a construction site of a metro rail station in Kolkata, India, July 5, 2019. REUTERS/Rupak De Chowdhuri
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